We use cookies in order to offer the most relevant information and deliver the best experience.
Please accept cookies for optimal performance.
Click here for more information.
Group Overview
Brickworks has a diversified corporate structure that has delivered stability of earnings over the long term. There are four divisions within the Brickworks Group structure: Building Products Australia, Building Products North America, Property, and Investments.
Group Overview
Group Overview
Brickworks Limited is a dynamic and innovative group of internationally owned companies. We specialise in property, investments and the manufacture and distribution of building products for the residential and commercial markets.
Our Building Products division is one of Australia’s largest, best known and most diverse building material manufacturers. Our products include clay bricks and pavers, concrete masonry blocks, retaining wall systems, engineered and stone pavers, precast concrete panels, concrete and terracotta roof tiles, and terracotta façades systems.
In late 2018, Brickworks announced it’s first US based acquisition of Glen-Gery, the fourth largest brick manufacturer in the USA. Since this time the North America business has continued to grow through further acquisitions and is now established as the leading brickmaker in the key North eastern region, with a reputation for premium products and high exposure to the architectural market.
With a broad product portfolio and manufacturing and sales facilities across Australia & North America, Brickworks is uniquely placed to service the demands of the building industry.
Our Building Products division is one of Australia’s largest, best known and most diverse building material manufacturers. Our products include clay bricks and pavers, concrete masonry blocks, retaining wall systems, engineered and stone pavers, precast concrete panels, concrete and terracotta roof tiles, and terracotta façades systems.
In late 2018, Brickworks announced it’s first US based acquisition of Glen-Gery, the fourth largest brick manufacturer in the USA. Since this time the North America business has continued to grow through further acquisitions and is now established as the leading brickmaker in the key North eastern region, with a reputation for premium products and high exposure to the architectural market.
With a broad product portfolio and manufacturing and sales facilities across Australia & North America, Brickworks is uniquely placed to service the demands of the building industry.
Corporate Structure
Brickworks has a diversified corporate structure that has delivered stability of earnings over the long term. There are four divisions within the Brickworks Group structure:
- Property
- Building Products Australia
- Building Products North America
- Investments
Property
The Property division was originally established to maximise the value of land that is surplus to the Building Products business.
Over time, the Property division has evolved and now consists of two Joint Venture Property Trusts with Goodman Group, plus 100% owned land holdings, both operational and for development.
Brickworks holds a 50% interest in the Industrial JV Trust. This was established in 2005, for the specific purpose of capturing the initial valuation uplift from re-zoning and then benefitting from the long-term value appreciation and the stable, growing annuity-style income stream derived from the developed assets. This Trust has grown to become one of Australia’s leading industrial property portfolios and is exposed to long-term structural tailwinds associated with the transition to e-commerce and the digital economy. Through the long-standing (~20 years) relationship with Goodman Group, the Trust has developed a portfolio of prime A-grade facilities with blue-chip tenants such as Amazon, Woolworths, Coles, DHL, Telstra and Australia Post.
The Industrial JV Trust has total assets of $5.0 billion. After including debt, Brickworks 50% share of the Industrial JV Trust has an equity value of $1,804 million.
Brickworks also holds a 50.1% interest in the Brickworks Manufacturing Trust. This comprises a portfolio of 15 manufacturing plants, tenanted by the Group’s Australian Building Products businesses. The Brickworks Manufacturing Trust has total assets of $406 million and no debt. Brickworks 50.1% ownership had an equity value of $203 million as at 31 July 2024.
Along with its interest in the Industrial JV Trust and the Brickworks Manufacturing Trust, Brickworks retains around 5,000 hectares of 100%-owned operational and development land across Australia and North America. This includes a number of sites earmarked for future development.
Investments
Investments consists primarily of an interest of 25.66% in ASX-listed Washington H. Soul Pattinson & Company Limited (‘Soul Patts’) (ASX: SOL), which had a market capitalisation of $12.814 billion as at 31 July 2024. The market value of Brickworks stake in Soul Patts was $3.348 billion at this date
Soul Patts is a diversified investment house with a portfolio encompassing strategic investments in major listed companies, a large cap equity portfolio, private equity investments, interests in a wide range of emerging companies and a structured yield portfolio. The investment in Soul Patts dates back to 1968 and delivers a stable dividend stream that provides Brickworks with security to weather periods of weaker building products demand.
Investments also includes a 15.3% stake in FBR Limited (‘FBR’) (ASX: FBR). At the end of the year, the market value of Brickworks stake in FBR was $35 million.
Divisions
Building Products Australia
Building Products Australia is a leading manufacturer and distributor of building products across all Australian states. Since 2002, the Building Products Group has grown from a two-state brick manufacturer, in New South Wales and Queensland, to a diversified national building products business.
In total, Building Products Australia comprises 19 manufacturing sites (currently operating), and a vast network of company-owned design centres, studios and resellers across the country.
The portfolio includes key brands such as Austral Bricks (Australia’s largest clay brick manufacturer), Austral Masonry and Bristile Roofing. The portfolio also includes a 33% interest in the Southern Cross Cement joint venture.
AUSTRALIA
EXCLUSIVE DISTRIBUTORSHIP
Building Products North America
Brickworks North America has a leading position in the Midwest, Northeast and Mid-Atlantic states, and has a strong focus on architectural and premium products.
It has eight currently operating brick manufacturing sites, complemented by company-operated distribution outlets, design studios (New York, Philadelphia and Baltimore) and an extensive reseller network.
North America
